Over $6b of loans paid to SMEs, semi-finished projects in 3 monthsTEHRAN – Iran’s Ministry of Industry, Mining and Trade announced that in the first three months of the current Iranian calendar year (March 21-June 21), some 256.17 trillion rials (nearly $6.1 billion) worth of bank loans have been offered to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress.
Over 37500 projects and production units received bank loans in the mentioned time span, IRNA reported on Monday.
Last week, the industry ministry released a report which indicated that banks and credit institutions provided both industrial and mining sectors with 300 trillion rials (about $7.14 billion) worth of loans in the first two months of the current Iranian year (March 21-May 21), registering a 41.5 percent rise year on year.
According to the data released by the Ministry of Industry, Mining and Trade, the total amount of loans offered to the country’s..